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October 23, 2024

MSC to acquire majority stake in Brazilian Port operator for $768m

International Shipping, Shipping Line, Trending News
GENEVA : Mediterranean Shipping Co, through its subsidiary Shipping Agencies Services, has agreed to purchase a 56.47% stake in Brazilian port and maritime logistics operator Wilson Sons from London-listed Ocean Wilsons Holdings. Ocean Wilsons
October 23, 2024

A.P. Møller – Mærsk A/S – Trading update Q3 2024 and upgrade of full-year guidance 2024

International Shipping, Shipping Line, Trending News
COPENHAGEN : Based on preliminary unaudited figures, A.P. Møller – Mærsk A/S (APMM) reports a revenue of USD 15.8bn, underlying EBITDA of USD 4.8bn and underlying EBIT of USD 3.3bn (reported: USD 3.3bn) for
October 23, 2024

Maersk denies Houthi claim container ship hit by Yemeni militia

International Shipping, Maritime, Shipping Line, Trending News
COPENHAGEN : Maersk Line has denied a claim by Yemen’s Iran-aligned Houthi movement that the militia carried out a drone strike on a Maersk vessel sailing towards Israel. The Houthis earlier claimed it carried
October 23, 2024

Strong container throughput drives Port of Antwerp-Bruges growth despite challenging market conditions

Maritime, Foreign Ports, Shipping Line, Trade, Trending News
ANTWERP : After nine months, Port of Antwerp-Bruges saw a total throughput of 210.5 million tonnes, an increase of 3% compared to the same period last year and a stabilisation in comparison to the
October 22, 2024

PSA Mumbai Phase 2 – Shaping India’s largest Container Terminal

Maritime, Container Terminal, Private Port, Shipping Line, Trade, Trending News
MUMBAI : Exciting developments are underway at PSA Mumbai (BMCT) Phase 2. With 400 meters of the 1,000-meter wharf already complete, PSA is on track to finish capital dredging by January 2025 which will
October 22, 2024

Great Eastern Shipping Company delivers built Supramax Dry Bulk Carrier “Jag Rani”

Shipping, Shipping Line, Trending News
MUMBAI : Great Eastern Shipping Company has delivered its 2011 built Supramax Dry Bulk Carrier MV Jag Rani to the buyers. The vessel was contracted for sale in August 2024. Excluding Jag Rani, company’s
October 22, 2024

PSA Mumbai welcomes MV XH Dolphin on its maiden call

Export - Import, Container Terminal, Private Port, Shipping Line, Trade, Trending News
MUMBAI : PSA Mumbai welcomes the MV XH Dolphin on its maiden call at PSA Mumbai (BMCT) on 11th October 2024. This marks the commencement of the India Middle East-Red Sea Service (IMR Service),
October 22, 2024

Gemini vs MSC – titans look to reshape container market

International Shipping, Shipping Line, Trending News
HAMBURG : The launch of Maersk and Hapag-Lloyd’s Gemini Cooperation will bring a new dimension to the container sector, a hub and spoke feeder service that is guaranteed to arrive within its scheduled arrival time. Effectively Gemini
October 22, 2024

Baltic index slips on weaker rates across bigger vessels

International Shipping, Shipping Line, Trade, Trending News
LONDON : The Baltic Exchange’s main sea freight index dipped on Monday to its lowest level in over eight months, dragged down by less demand across the capesize and panamax segments. The index, which
October 21, 2024

Shipping giants reinforce confidence in Gemini alliance service reliability ambitions

International Shipping, Logistics, Shipping Line, Trade, Trending News
AMSTERDAM : The two men leading Hapag-Lloyd and Maersk into the new Gemini Cooperation joined together on stage at the Xeneta Summit in Amsterdam to reinforce their confidence in the new alliance achieving its
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